Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis
A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.
Bitcoin's (BTC) recen t price consolidation above $30,000 seems to be taking the shape of a technical analysis pattern called a "bull flag," a pattern that indicates a further rally is likely to be on the cards.
Edited by Sheldon Reback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Announcement on Viction (VIC) tokenomics changes
Pi Network Users Face KYC Deadline Risks While PI Coin Price Surges Amid Community Frustrations
Russia central bank proposes opening crypto trading for select local investors
Quick Take The Central Bank of Russia announced a new proposal to allow qualified investors to trade cryptocurrencies for a period of three years. The central bank stated that it still does not see crypto as a means of payment.
Bitcoin Bounces Back to $83K – Will It Smash Resistance or Face Rejection?
Trending news
MoreCrypto prices
More
